News

January, 2025

• 23 January

  Merchants Are Turning to Credit Card Surcharges As Processor Satisfaction Declines, J.D. Power Finds

  

  Merchants are increasingly levying surcharges on purchases made with credit cards to help offset processing fees, a new study from J.D. Power finds. Some 34% of merchants surveyed are adding surcharges for credit card transactions, the study says. The study also found that flat-rate pricing lends merchants greater impetus to …
• 23 January

  Fiserv Finds a Successor As CEO Bisignano Prepares to Leave

  

  Fiserv Inc. early Thursday announced Michael P. Lyons will take over as chief executive at Fiserv Inc., replacing Frank Bisginano. Lyons, who is also taking on the office of president at the Milwaukee-based company, arrives from PNC Financial Services Group, a Fiserv client, where he was president and a key …
• 23 January

  Discover Volume up 4% and other Digital Transactions News briefs from 1/23/25

  

  Discover Financial Services reported payments volume of $102 billion for the fourth quarter of 2024, up 4% year-over-year, including a 7% rise for the Pulse electronic funds transfer network and a 9% increase for Diners Club. Overall, the company reported a 14% increase in revenue net of interest expense, to $4.76 …
• 22 January

  Gettrx Debuts a White Label Processing Program for ISOs And ISVs

  

  Payments provider Global Electronic Technology Inc., known as Gettrx, launched a white- label platform for agents, independent sales organizations, and independent software vendors that could help them compete against larger payment processors. The platform, called Gettrx One, enables agents, ISOs, and ISVs to market the service under their brand at …
• 22 January

  Maryland Is the Latest Batter to Take a Swing at Regulating Interchange on Sales Tax and Tips

  

  The Maryland legislature held a hearing late Tuesday on a bill prohibiting interchange from being charged on sales tax and gratuities linked to credit and debit card transactions. The bill, introduced by Delegates Todd Morgan and Brian Crosby, is the latest in what is expected to be a flurry of …
• 22 January

  Cardworks Acquires Ally Card Portfolio and other Digital Transactions News briefs from 1/22/25

  

  Cardworks Inc. and its banking unit, Merrick Bank, have agreed to acquire Ally Financial Inc.’s credit card portfolio. The business includes $2.3 billion in receivables and serves 1.3 million active cardholders. Terms were not announced. The card-issuing platform Marqeta Inc. is supporting efforts by Trading 212, a developer of financial apps, to launch …
• 21 January

  Agilysys Brings Integrated Payments to Kiva Dunes Resort; Cantaloupe Launches Ladder Pricing For Arcades

  

  Agilysys Inc., a provider of hospitality solutions, is implementing 13 integrated software solutions at Kiva Dunes, a golf resort located in Gulf Shores, Ala., intended to optimize per guest revenue, automate administrative tasks, and improve the guest experience. Agilysys’ applications, which includes point-of-sale software, will eliminate repetitive administrative tasks across …
• 21 January

  Venmo Takes Off With JetBlue for Online Bookings

  

  JetBlue Airways Corp. announced Tuesday that it has become the first airline to accept PayPal Holdings Inc.’s popular Venmo payment service for online bookings. Queens, N.Y.-based JetBlue says Venmo currently is available on JetBlue.com, and the service will roll out on the JetBlue mobile app in the coming months. U.S. …
• 21 January

  Deluxe Debuts dlxPAY and other Digital Transactions News briefs from 1/21/25

  

  Deluxe Corp. launched dlxPAY, a mobile app that offers merchants a suite of features, including real-time transaction management, advanced security, and customizable notifications, to give them more insight into their payment processing. The app also is compatible with the Ingenico Moby 5500 point-of-sale device. Two trade associations have sued the Consumer Financial …
• 20 January

  Chase on Track to Retain Acquiring Crown With Annual Volume Well North of $2 Trillion

  

  New data from JPMorgan Chase & Co. signals the leading U.S. banking company is on track to retain its title as the nation’s largest merchant acquirer, with volume well in excess of $2.5 trillion flowing through its pipes. A note from a J.P. Morgan Payments spokesperson to Digital Transactions News …